Maybe The Best Economic Conditions In Modern U.S. History
In December, inflation dropped again while retail sales continued to roar. Growth with almost no inflation is an optimal condition, rare in modern U.S. history. Meanwhile, earnings growth is accelerating - and earnings drive stock prices.
Drilling into the retail sales data, non-store retailers — online sellers — grew explosively in 2017, soaring 12.2%.
Dominated by Amazon, online sales have transformed the way American consumers spend, while department stores and traditional retail outlets are shuttering locations.
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